Approved u/s. 10(23G) of the Income-tax Act, 1961 - 'M/s Vadodara Halol Toll Road Company Limited' - 169/2003 - Income Tax

Approved u/s. 10(23G) of the Income-tax Act, 1961 - 'M/s Vadodara Halol Toll Road Company Limited' Notification No. 169 of 2003, dt. 8th July, 2003 It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003, 2003-2004 and 2004-2005. 2. The approval is subject to the condition that(i) the enterprise/industrial undertaking will conform to and comply with the provisions of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962; (ii) the Central Government shall withdraw this approval if the enterprise/industrial undertaking : (a) ceases to carry on infrastructure facility; or (b) fails to maintain books of account and get such accounts audited by an accountant as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962; or (c) fails to furnish the audit report as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962. 3. The enterprise/industrial undertaking approved is M/s Vadodara Halol Toll Road Company Limited , Secretary, Roads and Building Department, Government of Gujarat, Block No. 14, Second Floor, Sachivalaya, Gandhi Nagar - 380010 for their project of widening and strengthening of National Highway No. 87 between Vadodara and Industrial Town of Halol. [F.No. 205/59/98-TTA-II]